Located on the corner of Newcastle and Fitzgerald streets, this landmark two-storey property is your opportunity to capitalise on the northern development of the Perth central business district.

Ground floor is currently run as a cafe to capitalise on the high-volume foot traffic and excellent visibility of the property. Three are two rooms separated by an archway, polished floorboards and a commercial kitchen.

Upstairs is a residential apartment with two bedrooms, kitchen, bathroom and large lounge room with polished floorboards. There is a verandah around the edge of the lounge and main bedroom that provides spectacular views of the city and surrounds. Additional views of the southern suburbs are available from the kitchen and bathroom. Classic features include high ceilings, stained glass windows and quality suspended light fittings. The kitchen is modern and contains a gas stove and dishwasher. The bathroom is also modern and contains a spa bath and separate shower.

The property is tenanted at $4445 per month including GST on a 6-year lease from 01/01/09 to 31/12/14 with a 6-year option from 01/01/15 – 31/12/20. Rent reviews are annual CPI with a market review on 01/01/15. The tenant pays the variable outgoings and strata levies.